Trade Ideas

What was expected in that final 2 hours of Friday came yesterday as SPX broke under that 23.6 retrace to the JUN 28 LOW @ 2822.97 and the BEAR MARKET Extension @ 2721.77 for a dip out of the 2820s - breaking and closing below the 20d MA which is now 2826.82. With the Negative Divergence having taken affect, all TI's are now on sell, none are oversold, and we should continue to look lower with the next tranche the 2814.20 [...]

The power of options lies in their versatility as they present a world of opportunity to sophisticated investors (see the 32Trades version of "Options 101"). This versatility, however, does not come without its costs and, despite what anybody tells you, option trading involves risk, especially if you don't know what you are doing. It's for this reason why ONLY risk capital should ever be used. One easy way to get a feel for options, or even bank on them, is to [...]

Fact: In 2017 China exported to the US $505.47 billion worth of goods. China imported from the US $129.89 worth of goods. From 1985 - 2017, China has run a trade surplus with the U.S and it has increased every year except for three: 2001, 2009, and 2016 - ALL BEAR MARKET YEARS. Fact: Reviewing the dotCOM fade report I put out last week will help to understand why I'll call the 2863.43 high SPX put in last week Tuesday the "dotCOM 2.0 High" Fact: [...]

The power of options lies in their versatility as they present a world of opportunity to sophisticated investors (see the 32Trades version of "Options 101"). This versatility, however, does not come without its costs and, despite what anybody tells you, option trading involves risk, especially if you don't know what you are doing. It's for this reason why ONLY risk capital should ever be used. One easy way to get a feel for options, or even bank on them, is to [...]

On Tuesday, SPX put in what I'll call the "dotCOM 2.0 High" @ 2863.43 (you gotta read that dotCOM fade report I put out this week) and from Tuesday to yesterday, SPX didn't take out the previous High or Low by > 6. We could see Negative Divergences getting even more Negative and that end of the sneak up by the VIX gave it away that what's happened overnight was coming into today: the NQ dropping -1% and the ES & YM dropping -0.83% [...]

The power of options lies in their versatility as they present a world of opportunity to sophisticated investors (see the 32Trades version of "Options 101"). This versatility, however, does not come without its costs and, despite what anybody tells you, option trading involves risk, especially if you don't know what you are doing. It's for this reason why ONLY risk capital should ever be used. One easy way to get a feel for options, or even bank on them, is to [...]

Two SPX trading sessions now ending with DOJI candles on the Daily on the Upper Resistance Channel Line and both within 10 points of the JAN ATH. The two sessions recorded the two smallest trading ranges we've had the entire year. FWIW, the sessions since we have fallen out of 2800 for a brief moment (once a week minimum) since entering them Friday, JUL 13 occurred on: Monday, JUL 16 Tuesday, JUL 17 Thursday, JUL 19 Monday, JUL 23 Monday, [...]

The power of options lies in their versatility as they present a world of opportunity to sophisticated investors (see the 32Trades version of "Options 101"). This versatility, however, does not come without its costs and, despite what anybody tells you, option trading involves risk, especially if you don't know what you are doing. It's for this reason why ONLY risk capital should ever be used. One easy way to get a feel for options, or even bank on them, is to [...]

I was joking when I made that banner late 2016 after the Trump Election victory, but that's exactly what we've gone and done: go to Infinity & Beyond. With how SPX came within 10 points of the JAN 26 ATH and we've been witness of the multiple new ATHS the NDX has placed throughout the year (RUT too, but not the DJAI), it offers a chance to give a view of how we had such a similar "to Infinity & Beyond" once [...]

Not much to add to yesterday's SPX view as we hit that 2859-2860 mark and failed to break above the 10:40 high and wound up just shy of 10 points from it from taking on the JAN 26 ATH @ 2872.87. The range which SPX & SPY traded yesterday was ONLY TRADED within the final hour of JAN 26 when the ATH was placed into the close that Friday. Futures, for the first time in 4 sessions, are RED going into the EU open which isn't much [...]